LABOR FORCE AND EMPLOYMENT ARE DECLINING
Seyfettin Gürsel, Gökçe Uysal and Melike Kökkızıl
Seasonally adjusted labor market data shows that nonagricultural unemployment rate decreased from 12.2 percent to 12.1 percent (0.1 percentage point) in the period of March 2015 compared to the previous period. The decline in unemployment rate is caused by a faster decline in the non-agricultural labor force relative to previous period. Compared to February 2015, non-agricultural labor force and employment decreased by 73 thousand and 40 thousand, respectively. The reason of decline in employment is job losses in manufacturing and services sectors. This is the first job loss in the service sector since 2012.
doc. LaborOutlook2015M06
pdf. LaborOutlook2015M06